Topic: [ANN] Cannacoin (CCN) | PoW->PoSV | No premine | No IPO - page 37. (Read 188730 times)

Any word on when the SolarCoin wallets will be ready?

Hey Everbody

Just a reminder that bemining.net will be shutting down on Jan 4th, it would be a good idea to point your miners over to http://ccn.multipoolmining.com. I've mined at both pools and found the payouts to be comparable. Also, with the steady increase in the price of the coin it can be profitable to mine and hold. you can mine with sha256, scrypt or x11

Cheers  Jingo

Yes, the uri is implemented however it will require a user to configure your browser to launch your Cannacoin client when you click an actual "cannacoin:" uri.

Does CCN handle URI like the bitcoin client does?
Such as bitcoin:15PwfoWpWu7Kv1FFdz8WDwjpkHPoh8Yyvq but rather cannacoin:CaCY9KbrUZun9UShaXuTb46MQZG15qyCKP?

It'd be great if it could be included if it isn't already.

If you go back and read through my analysis of cryptocurrency regulation being developed right now in NY and D.C., you'll see that price-pegging in cryptocurrencies is likely going to be illegal for businesses that don't meet strict financial regulations and acquire Bit-Licenses.

https://bitcointalksearch.org/topic/m.9978657

The issue with price-pegging is that you are essentially marketing a currency as an asset-backed security when in fact it is not backed by any assets at all.  We are seeing how GAWminers is not able to back their XPY with $20 as they claimed they would, because they don't have the assets to do it.  They will likely face some serious consequences for operating what in retrospect was a type of Ponzi-scheme.

The major issue with price-pegging in the Cannabis industry is that you have many different grades of product that can weigh 1 Gram.  From the perspective of growers and manufacturers of products, this doesn't make sense whatsoever.

If someone wants to grow some Cannabis and essentially give it away to promote their cryptocurrency, that's their choice, but this doesn't make sense from the perspective of serious businesses because it is not a sustainable model.  There is nobody there to guarantee a buyer at those prices, and there is no guarantee that you will ever redeem your 1 Coin for 1 gram of Cannabis.

It is one thing to do a promotion on occasion to bring more people to your store and it is another thing to back your currency 100%.  If you don't back the value that you are claiming it has, then it simply isn't a price peg.

So a bunch of cryptocurrency traders in Europe, China, Russia, U.S. go buy your currency for 1 cent... then you give away a bunch of product and increase the value of your cryptocurrency on the hype... and then they sell on the price pump and you've made those cryptocurrency traders some money.  But how is that a sustainable model?

It would only be sustainable if you were issuing those coins directly for a realistic price, and for each coin that exists in the market, there is a corresponding product there to back its' value.  At that point, you have a centrally controlled cryptocurrency, which defeats the purpose of even creating a decentralized cryptocurrency in the first place.

Thanks for the reply.

I had another question, is there a predetermined value/equivalency you intend for CCN? Say 1 gram/coin?

Thanks 8-bit and Happy New Year to you!

The reality is that blockchains are much more than just coins.  They are networks and must be sustained and developed over time through code.  These networks do not just die or win over another.  They are a sort of digital living entity...   We expect to continue modernizing the Cannacoin network for a long time to come to provide much more than just single application cryptocurrency.

I'm sure everyone wishes there was a simple way to solve this brand confusion -- and we have approached other communities with the intention to fix this but did not get any assistance... in fact, we've never met the core code developers from either Potcoin or CannabisCoin.  

Maybe some day they will decide it is better to work together than to go it alone.  But we will not wait for them and will continue to develop platforms and work with other developers in the cryptocurrency space to explore innovative blockchain applications.  

Everyday, we are building new relationships throughout the cryptocurrency development sphere and there is steady progress behind the scenes in applying these networks in the Cannabis industry.

Of course, we are also constantly analyzing regulatory compliance developments in both the cryptocurrency and Cannabis industry here in the United States, and our partners and investors are well aware of this!

I think Cannacoin is a pretty solid name, it flows well and it's catchy. I know what you mean about the confusion thou. But it seems to get sorted out pretty quickly for new community members coming to the scene.

Hope everyone is having a good new years. 2015 will be an interesting one, time to bust out back to the future II

My only personal complaint on the cannacoin/cannabiscoin situation is that the names are way too similar and it just ends up being confusing for users.

I guess the better coin will win in the end, otherwise my investments in both will just mean more smoking material.

Great, glad you got everything sorted out finally

Who said anything about "official" ?  Nobody here has claimed "official".  You might be confused with Potcoin.

Also, Cannacoin was launched almost 1 month before CannabisCoin and we launched Cannacoin with a 0% premine and steady block rewards of 12.5 CCN for over 8 months before transitioning to PoSV.

If you are interested in joining a great community and project with serious software developers that have a long background in the Cannabis community in Washington State then I hope you get involved with us... we are usually available in Freenode IRC in the #cannacoin channel.

Thanks

Much appreciated.

An official crypto to buy weed?? Sure it sounds legit?

I though there was a "cannabis coin" already tho...

You should still receive coins to those addresses.

If you go into help --> debug window --> console --> type 'listaccounts' or 'listaddressgroupings'

I'm not exactly sure how the wallet rebuild process works but that should verify if those addresses are still used in your wallet.  If they don't show up, I would assume not to use them. 

Actually, one last question. With the new wallet, and my old one imported, I don't see my old address listed. I see the transactions from that address but it's not listed under my owned addresses.
Will I still receive coins sent to that old wallet address?

That's great news!  Glad we could help you get this sorted out.  Cheers

You did it! Thank you thank you!

Thanks for the post.